Caparo_Vehicle_Technologies

Caparo Vehicle Technologies

Caparo Vehicle Technologies

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For other uses, see Caparo (disambiguation).

Caparo Vehicle Technologies (CVT), formerly known as Freestream Cars Limited, was a British company that provided advanced technology development, materials engineering, and design services to and markets.[2] Caparo Vehicle Technologies went into administration in 2015, and was fully dissolved by 2019.

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Caparo T1 at the 2006 British International Motor Show

History

Caparo Vehicle Technologies was originally founded in 2004 as Freestream Cars Limited by Graham Halstead and Ben Scott-Geddes who had both worked on the McLaren F1 project.[3] In February 2006, Freestream announced a concept car, the Freestream T1.[4][5] In March 2006, the company was acquired by Caparo. The deal was put together by future Commercial Director, Sean Butcher.[6][7] After the acquisition, Caparo CEO Angad Paul became chairman.[8]

Vehicles

Main article about the Caparo T1

Caparo Vehicle Technologies produced one vehicle, the Caparo T1. The T1 is a two seat, rear wheel drive automobile inspired by Formula 1 racecars.[9][10] The company sold the racecar for $300,000,[11] and had confirmed purchases for 15 cars by 2012.[12]

Administration and closure

The company entered administration in 2015 just days after the death of Caparo CEO, Angad Paul.[13][14][15] The company was liquidated and fully dissolved by 2019.[16]

See also

References

  1. [1]
    "Caparo Vehicle Technologies Accounts 2014". HMRC Companies House. Retrieved 13 May 2022.
  2. [2]
    "Caparo Vehicle Technologies". Retrieved 24 November 2007.[permanent dead link]
  3. [3]
    "FREESTREAM CARS LIMITED". Global Database. Retrieved 17 May 2022.
  4. [4]
    "Freestream T1". Car Body Design. 7 February 2006. Retrieved 17 May 2022.
  5. [5]
    "Freestream T1 news - Brits build F1-style supercar". Top Gear. 7 February 2006. Retrieved 17 May 2022.
  6. [6]
    "UK Caparo creates advanced vehicle technology group". Just Auto. 15 March 2006. Retrieved 17 May 2022.
  7. [7]
    Shah, Dhiram (23 May 2006). "Caparo Freestream T1 – The Street Legal F1 Car". Luxurylaunches. Luxury Launches. Retrieved 17 May 2022.
  8. [8]
    "Caparo buys Freestream T1 consultancy". Test Driven. 13 March 2006. Retrieved 17 May 2022.
  9. [9]
    Grabianowski, Ed (17 April 2007). "Howstuffworks "How the Caparo T1 Works"". Howstuffworks. Retrieved 10 June 2007.
  10. [10]
    Green, Simon (January 2008). "Caparo T1". Motor: 32–34.
  11. [11]
    Brown, Joe (October 2006). "Go, Street Racer, Go". Popular Science. 269 (4): 21–21.
  12. [12]
    "CEO of Caparo T1 Project Found Dead in Suspected Suicide". Road & Track. 16 November 2015. Retrieved 17 May 2022.
  13. [13]
    "caparo parent company enters administration chairman dies in apparent suicide". Motor Authority. 11 November 2015. Retrieved 17 May 2022.
  14. [14]
    "Angad Paul: Steel company boss jumped to death from penthouse balcony 'after becoming depressed over firm's collapse'". The Independent. 28 April 2016. Retrieved 17 May 2022.
  15. [15]
    "Caparo Vehicle Technologies Limited in Administration". PWC. Retrieved 17 May 2022.
  16. [16]
    "Caparo Vehicle Technologies Limited Filing History". Companies House. Retrieved 17 May 2022.
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